Business
Page 9 / 11The latest business news, corporate updates, and market-moving decisions across key industries.
Dubai Unveils AED 34 Billion Metro Gold Line, Its Biggest Transport Project Yet
The new 42-kilometre Dubai Metro Gold Line will serve about 1.5 million residents, connect 15 strategic areas, and link 55 major real estate developments under construction.
Dubai has announced the AED 34 billion Metro Gold Line, a 42-kilometre underground route due for completion on September 9, 2032. The project will expand the metro network, improve connectivity across 15 key areas, and support major growth corridors across the city.
Touch and Alfa Open Up Data Roaming on 110 Sites to Close Coverage Gaps
The Telecom Ministry says the activation covers 34 Alfa towers and 76 Touch towers in war-hit and remote areas.
Touch and Alfa have activated national data roaming across 110 sites in Lebanon, letting subscribers auto-switch networks for mobile internet. The rollout covers 34 Alfa towers and 76 Touch towers in rural and war-damaged zones, and forms part of Telecom Minister Charles Hajj's push to rebuild coverage.
Ramp's $32B Valuation Now Exceeds Lebanon's Entire GDP
Beirut-born co-founder Karim Atiyeh leads a New York fintech worth more than his home country's annual economic output.
Ramp, the New York spend management startup co-founded by Beirut-born Karim Atiyeh, is reportedly valued at $32 billion. That figure tops Lebanon's entire gross domestic product and has revived a conversation about Lebanese diaspora tech success.
Snap, Oracle, and GoCardless Cuts Push April Layoffs Past 31,000
The three companies cite different reasons, but AI efficiency and profitability pressure run through all of them.
Snap, Oracle, and GoCardless have each announced major layoffs in April 2026, with reported reductions totaling more than 31,000 jobs across the three firms. The companies cite AI efficiency gains, a pivot to AI data center capacity, and a push toward profitability.
John Ternus to Succeed Tim Cook as Apple CEO in September
Cook becomes Executive Chairman after nearly 15 years leading Apple from $350 billion to about $4 trillion.
Apple has named hardware engineering chief John Ternus as its next chief executive, effective September 1, 2026. Tim Cook will step into the role of Executive Chairman after close to 15 years running the company.
Alwaleed bin Talal to Buy 70% of Al Hilal in SAR840m Deal
Prince Alwaleed bin Talal’s Kingdom Holding Company has signed a binding agreement with PIF to acquire a majority stake in Al Hilal Club Company, extending private capital’s role in Saudi sports.
Kingdom Holding Company will acquire a 70% stake in Al Hilal Club Company for SAR840 million, in a deal that values the Saudi football business at SAR1.4 billion on an enterprise basis. The transaction marks another major step in Saudi Arabia’s sports privatization push and keeps PIF involved as a remaining shareholder.
flydubai Resumes Beirut Flights as Airport Recovery Gains Pace
Beirut airport is gradually restoring regional links as flydubai resumes service, Qatar Airways operates again, and more carriers return to the Lebanese capital.
Beirut Rafic Hariri International Airport is showing early signs of recovery as regional airlines resume flights to the Lebanese capital. flydubai has restored Beirut service, Qatar Airways has resumed operations, and airport activity is picking up after weeks of disruption.
Top 5 Financial Mistakes That Kill Small Businesses Early
Weak cash management, poor pricing, messy records, premature expansion, and blurred personal-business spending often do more damage to small firms than a lack of demand.
Many small businesses do not fail because the idea was weak. They fail because the finances were. The biggest early mistakes usually involve cash flow, pricing, bookkeeping, expansion timing, and poor separation between personal and business money.
How to Think Like a Banker: 4 Non-Negotiable Rules for Securing a Business Loan
Banks do not fund need. They fund certainty. Here is how to position your business so lenders say yes.
Securing a business loan depends less on urgency and more on structure. This guide breaks down four core principles banks use to evaluate risk, helping founders approach financing with clarity, credibility, and control.
Spinneys, Happy, Grab’n Go, NokNok: The Retail Ecosystem Many Lebanese Do Not Realize Belongs to One Group
Gray Mackenzie Retail Lebanon has built a multi-brand consumer network that stretches across premium supermarkets, discount stores, convenience outlets and rapid delivery. In a crisis-hit economy, that structure matters.
Many Lebanese shoppers treat Spinneys, Happy, Grab’n Go and NokNok as separate choices for different budgets and habits. Public information shows they sit inside the same parent group, Gray Mackenzie Retail Lebanon, giving one company a presence across several of the country’s most important grocery and convenience channels.
LebTech 2026: How Lebanon Is Building a Tech Conference Brand That Goes Beyond Its Borders
A two-day summit, 12,000 attendees, expansion to Cyprus and Qatar, and a $1 million startup prize. Inside Lebanon's most ambitious bet on its own tech future.
LebTech 2026, scheduled for June 26-27 at Le Royal Dbayeh, is positioning itself as Lebanon's flagship tech event. After 5,000+ attendees in 2025, it is expanding internationally with editions planned for Cyprus and Qatar, plus a Startup World Cup partnership with Pegasus Tech Ventures offering a $1M global prize. This profile examines whether a war-torn country can credibly build a tech conference brand, and what LebTech's existence signals about the resilience of Lebanon's tech sector.
Stouh Beirut Reaches 65,100 People Across Lebanon in One-Month Relief Push
The Lebanese association says its emergency intervention between March 2 and April 8 delivered 323,900 relief items across the country and sent 120 tons of humanitarian aid to the south in coordination with the Lebanese Army.
Stouh Beirut says it reached more than 65,000 people across Lebanon in just over a month, distributing clothing, hygiene kits, dignity kits, water, medicines, food supplies and other essentials as families continue to face severe pressure in the aftermath of war.
